economics

Market dynamics are all about how supply and demand interact to set prices and quantities for goods and services. It's a fundamental concept in economics.

Demand represents the quantity of a good or service that consumers are willing and able to purchase at various prices during a specific period. The Law of Demand states that, all else being equal, as the price of a good increases, the quantity demanded decreases, and vice-versa. This is why the demand curve slopes downwards.